EU Officials Play Down Greek Talk of Deal Soon

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece and its international ...

IRS Data Breach Draws Capitol Hill Scrutiny

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By John D. McKinnon Lawmakers are stepping up their scrutiny of computer security at the Internal Revenue Service in the wake of a serious data breach affecting at least 100,000 households. Sen. Orrin Hatch (R., Utah), the chairman of the ...

Swiss April Exports Slip As Franc Hits Demand

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Neil MacLucas ZURICH--Switzerland's exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches. Exports in April fell 1.3% from a year earlier, in ...

UK First-Quarter Growth Unrevised

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Jon Sindreu and Jason Douglas LONDON--A fresh batch of official data for the U.K. confirmed the economy slowed in the first quarter of the year, scotching hopes growth would be revised up. U.K. gross domestic product rose 0.3% during ...

Brazil's Senate Clears Second Austerity Bill

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Australian Businesses Scale Back Investment Plans, A$ Slumps

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By James Glynn SYDNEY--Australian firms sharply scaled back planned investment over the coming year, as the downturn in mining accelerates and creates a stiff headwind for growth. The Australian dollar shed close to half a U.S. cent as the government ...

Brazil's Senate Clears Second Austerity Bill -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Oil Rangebound Ahead of Weekly U.S. Inventory Data

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Eric Yep Crude-oil futures stabilized in Asian trade Thursday after another round of overnight losses, and investors will be looking to weekly U.S. oil inventory data due today for more cues. On the New York Mercantile Exchange, light, sweet ...

ICTSI Buys Mexican Port Developer For $54.5 Million

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Cris Larano MANILA--Philippine-based port operator International Container Terminal Services Inc. (ICT.PH) said Thursday it acquired all the shares in Terminal Maritima de Tuxpan, S.A. de C.V. for $54.5 million. Terminal Maritima has a concession to build and operate a ...

India's Central Bank Expected to Cut Interest Rate Again

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Gabriele Parussini MUMBAI-The Reserve Bank of India will cut the main interest rate at its policy meeting on Tuesday, analysts predict, in an attempt to kick-start an economy that has been showing signs of decelerating. RBI Governor Raghuram Rajan ...

Bank of Russia Buys Another $200 Million to Top Up FX Reserves

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Andrey Ostroukh MOSCOW--Bank of Russia bought another $200 million on the Moscow exchange on Tuesday, taking the amount of its interventions this month to nearly $2 billion, the central bank said Thursday. The bank is topping up Russia's foreign-currency ...

Bids Fly as GE Unit Auction Nears an End -- 2nd Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Ryan Dezember And Gillian Tan Several private-equity firms are vying to buy General Electric Co.'s unit that funds leveraged buyouts, in a sale process that could fetch more than $17 billion for GE and be the largest U.S. finance ...

Costco Wholesale Posts Higher Profit, Revenue

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Maria Armental Costco Wholesale Corp's third-quarter profit rose as the company continues to benefit from low gas prices, strong store sales and membership fees. The second-largest retailer in the U.S. behind Wal-Mart Stores Inc. and one of the largest ...

Japan Retail Sales Regain Ground

TODAY: May 28, 2015 PUB DATE: May 28, 2015

TOKYO—Japanese retail sales jumped 5.0% from a year earlier in April, government data showed Thursday, regaining some ground after a tax-induced lull last year. But spending was almost flat from a month earlier, indicating that the effects of spring wage ...

RBI Expected to Cut Interest Rate Again

TODAY: May 28, 2015 PUB DATE: May 28, 2015

MUMBAI-The Reserve Bank of India will cut the main interest rate at its policy meeting on Tuesday, analysts predict, in an attempt to kick-start an economy that has been showing signs of decelerating. RBI Governor Raghuram Rajan will lower the ...

Chevron Raises Over $59 Million From Refining New Zealand Stake Sale

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Rebecca Howard WELLINGTON, New Zealand-- Chevron Corp.--the second-biggest U.S. oil producer by market value after Exxon Mobil Corp--has further reshaped its Asia-Pacific footprint by selling a stake in the operator of New Zealand's sole refinery. Chevron raised more than ...

ECB Upgrades Pressure for Swift Greece Deal

TODAY: May 28, 2015 PUB DATE: May 28, 2015

FRANKFURT—The European Central Bank upped the pressure on Greece Thursday, suggesting that if the country didn't reach a deal with its creditors quickly, it risked worsening conditions under which some of its other embattled eurozone partners can borrow. "Financial market ...

Tax Identity Theft Victims Cite Woes With IRS

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Laura Saunders The Internal Revenue Service's announcement Tuesday of a data breach affecting more than 100,000 households has prompted fresh complaints from victims of tax identity theft about delayed refunds, red tape, cumbersome IRS procedures and continued effects on ...